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Thermwood

WTA Signs LOI for Indonesia

26 January 2001

World Transport Authority Inc. announced that it has signed a letter of intent with P.T. Ori Polytec Composites (PPC) for a Master License for their inexpensive, rugged composite utility vehicle covering the Republic of Indonesia. Located just south of the Philippines, Indonesia consists of over 1,800,000 square miles of archipelago between the Indian and Pacific Oceans. The aggregate opulation of Indonesia is approximately 224 million people. P.T. Ori Polytec Composites is an Indonesian company, which manufactures filament wound, poltrusion-molded and fiberglass-molded products. The company has 30 years experience, much of it automotive, and currently employs approximately 475 employees.